1. Share your experience and help people save time:
Cutting learning curve, learning about potential mistakes, pointing towards the better sources of information to learn things from, preventing people from spending on useless workshops, etc.
2. Share your experience and help people save money:
Sharing cost effective ways to achieve x, cutting cost where possible without cutting quality, achieving x goal in less than average expected cost, preventing monetary losses due to avoidable mistakes, etc.
If you really want to learn from someone on social media, you don't have to pay for their courses or any special access programs.
Like Ekalavya, you can consume with intent whatever your self-assumed Guru puts out in the form of content.
When you use a bit of common sense, reverse engineering, and connecting the dots as a practice with all that they post, you can figure out with 95-98% what they do, how they do it, why they do it, etc.
When I initially started moving towards systematic trading, I read all of @madan_kumar's tweet threads, blog posts, zerodha qna interview and its comments section, his threads on traderji forum, etc. Those have the best insights most of which he likely condenses in his workshops.
Independent theaters are going to survive Covid better than the franchises like Inox and PVR.
Independent multi-screen, privately owned theaters are likely to be self-owned(including building) by the owner group and must have contained the damage during covid early on.
Theaters are going to co-exist with OTT. The side-effect of OTT would be a slight/marginal reduction in piracy.
But people are never not going to go to theaters. A movie like Interstellar, Tenet, Endgame, Fast and Furious 7, Kaithi, etc., deserve a theater watch.
So, theaters are here to stay. Just that, I feel that independent and privately owned theaters have a far better chance of survival than the publicly listed franchisee type theater groups. Interesting times ahead to be witnessed.
Most people who quit their job essentially as an act of showing middle finger to their bosses, and start a business don't realize that they are focusing on short term pain and ignoring the long term pain that running a business is.
Starting and running a business, especially as a middle-class first generation entrepreneur is not easy. If you do it only because you hate your current boss, a couple years down, the entrepreneurship world would eventually teach you working for your former boss was way better.
Pride, vanity, and moments of impulsiveness, focusing on stopping the short term pain - all these block your long term visibility, and gives you tunnel vision. This makes it very difficult for you to assess if your decision is one that's coming from a place of emotion.
Whatever systems I trade (I have a couple systems I trade manually now), I trade without using leverage on top of leverage.
I primarily trade 2xATM or synthetic futures directionally, predominantly to avoid futures related slippages and reduce costs.
Banknifty futures spread is around 4 points, and slippage is usually 3-5 points one way. That is like 17-20 points two way. Add to this the commissions and all, worst case you end up looking at 20-22 points as your cost.
Nifty Futures is slightly better with respect to spread and slippage, but neither banknifty futures nor nifty futures have enough depth to scale up with, at least on intraday timeframes.
A week back, the team from TIKR.com reached out and asked me to do a beta testing of their product for feedback.
While the platform is at its nascent stage and has a long way to go, it is very promising and better than SCREENER.IN in few aspects.
This is the platform dashboard page where you have the market news and updates as and when they arrive. I think they are pulling this from Reuters, not sure though.
You have a search bar on top in the platform, where you can search for stocks and get the requisite details. The best part is, the platform has both Indian and US equities. They have data from many exchanges across the globe.
Grab a peanut butter sandwich. I'm gonna teach you the Dividend Arbitrage strategy in @10kdiver's style ;-)
Arbitrage = Free Lunch in market. Free lunches usually don't exist, but they do exist, if you know where to look.
What amateur traders/investors think:
"Oh, this company has announced dividend. Let me buy the stock so that I can receive the dividend. I'll sell the stock just after the requisite date until which I should hold the stock. I'll then pocket the dividend. Free money yay!"
The stock price rises leading up to the ex-dividend date, and then falls. You get the dividend, but the stock you hold falls in price equivalently. So, you're left with no profit, and if you're lucky, no loss either.
People who believe Warren Buffett to be a buy and hold investor are not very well informed.
First and foremost, Warren Buffett is a master deal-maker. And he's an expert at using derivatives to protect himself.
If he were only a buy and hold investor, he'd not be this rich.
More often than not, he's used a combination of derivatives, complex instruments in order to create a what's called "heads I win, tails I don't lose much" scenario, like the deal he did with Goldman Sachs during the housing crash.
This superb mastery of the use of right derivative instruments with the most opportune timing backed by his cash holdings has created wealth for him beyond what a simple buy and hold would have.
1. A lot of content on trading that you find on Youtube is utterly and absolutely worthless. More like 99%.
Google's job is to give you the best results - based on likes, comments, interactions, etc.
The people who do the search decide what gets ranked where. New traders searching for terms makes Youtube figure out what terms are searched more.
The Youtubers figure out what terms are searched more and create content based on those terms.
Most of the creators aren't creating content that's super valuable that you should watch, because that content will not be ranked by Google. Coz, Google only ranks the content that people are looking for.
The problem is that people don't know what to look for.
For those who are scamming retail investors, this should be a proper warning sign. There was one Rahul Arora on Quora who was doing something similar, and now we all know how unregulated one of the popular "algo trading platforms" is and how many people are complaining.
Before you associate with someone who promises high returns, or ease of making money - understand that there's no easy money. Easy money comes easy and goes easy. It won't stay. Don't associate with someone who promises such a thing.
Unregulated algo trading platforms are cropping up like mushrooms, and one such platform has a lot of user complaints on their comments section itself. Those running strategies there aren't registered with SEBI, let alone have at least 5 years of market experience.
Back between 2014-16, @Sanjay__Bakshi hailed Kitex Garments as the next multi bagger, put a good sum of money into Kitex at 431 odd rupees. Around that time, my favorite @amitmantri did his forensic analysis and pointed out the funny math in the financials of Kitex.
Almost all the decisions in life that I regret were taken under strong emotional influence.
Looking back, this is the one thing that stands out. Whether it's greed, anger, hatred, vengeance, or just exuberance, every regretful decision has been made with emotions.
We only think that it's an emotional decision if we are overtly angry or overtly happy. But that need not be the case. Hope is an emotion. Greed is an emotion. Fear, even slightly is an emotion. When you're standing on a fence, a small emotion can nudge you to either side.
So, when making decisions that usually require a lot of changes in your life, think it through and see if any hope, desire, greed, fear, etc., have crept into the decision making process.